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Management Trainees

Employer: Shriram Transport Finance Company Limited

Address: SHRIRAM TRANSPORT FINANCE CO. LTD. Wockhardt Towers, 3rd Floor, West Wing, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051.

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Experience: 0 years

Education: B.E./ B.Tech/ MBA

Job Location:    ()


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Management Trainees

Requires Management Trainees

Fresh First Class Graduates in Engineering/Management/Science/commerce/Postgraduates may apply for the position of Management trainees, who would be absorbed as Asst. Managers of the organization after successful completion of one year of on job and a week of classroom training. During the period of training a sum of Rs.1.25lacs p.a. would be paid as stipend. (Upper age: 25 years as on 1st April)

About Employer

STFC was established in 1979 to finance the much neglected Small Truck Owner. Shriram understood the power of 'Aspiration' much before marketing based on 'Aspiration' became fashionable. Shriram started lending to the Small Truck Owner to buy new trucks. But we found a mismatch between the Aspiration and Ability. The Truck Operator was honest but the Equity at his command was not sufficient to support the credit levels required to buy a new truck. We did not have the heart to send the Truck Operator back empty handed; we decided to fund Pre-owned Trucks. This was the most momentous decision that we made. What followed was sheer magic. From Driver to Owner, even if only of a Pre-owned Truck and from Pre-owned Truck to the New Truck, we have been with him in his journey of Prosperity as he has been our partner in our road to success and leadership. For us at Shriram, credit-worthiness of the Small Truck Owner has always been an article of faith. This faith has guided our journey from our pioneering days in financing Small Truck Owners to the present day leadership. Today we are not only the leader in Truck Finance; we are also India's largest Asset Based Non-Banking Finance Company. Today, Shriram has a network of over 447 branches spread across the country; spanning a geography which covers 91.3% of Truck Owners. Soon the coverage will be extended to enable us to reach 100% of Truck Owners.Shriram employs nearly 10000 people and has Assets Under Management (AUM) in excess of Rs. 16785 crores (US$ 4.2 billion), with a live contracts of more than 6,00,000 customers. The inability of the economists to capture data relating to the economic activity of the informal sector has resulted in its neglect at the policy-making levels in the government. The distribution of Truck Ownership being scattered among a large number of individuals has resulted in this very important group being missed by the institutional radar. It is estimated that 80% of trucks in the country are in the hands of individuals. Our journey has seen us making several innovations while we stood at the very edge of Organized Finance. The Banks and Institutions were guided by the Economists' vision; the Small Truck Owner who always fell on their blind side was given the miss. From the orthodoxy of the 1970s through 1990s, to the pragmatism of the new millennium, Shriram takes credit for having brought about a revolution in the institutional mindset. Today, the Citigroup, UTI Bank, ICICI Bank and other leading banking institutions are proud associates of Shriram in financing Pre-owned Trucks.





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